Dec. 2024 - Social Insurance Base of 2024

13 December 2024

The Ministry of Human Resources and Social Security announced the upper and lower limits of salary bases for all social insurance contributions in 2024.
Here we would like to summarize and share the new social contribution base of the Super Tier 1 cities in China, effective from July 2024.

Ø Applicable rate from 1^st July 2024 to 30^th June 2025, Beijing

Social Insurance	Lower Limit (CNY)	Upper Limit (CNY)	Portion of Employer	Portion of Employee
Pension	6,821	35,283	16%	8%
Unemployment insurance	6,821	35,283	0.50%	0.50%
Medical insurance (Including maternity insurance)	6,821	35,283	9.80%	2% + 3.00
Injury insurance	6,821	35,283	0.2 - 1.9%*	N/A
Housing fund	2,420	35,283	5% - 12%	5% - 12%

*Depends on the industry type of company.

Ø Applicable rate from 1^st July 2024 to 30^th June 2025, Shanghai

Social Insurance	Lower Limit (CNY)	Upper Limit (CNY)	Portion of Employer	Portion of Employee
Pension	7,384	36,921	16%	8%
Unemployment insurance	7,384	36,921	0.50%	0.50%
Medical insurance (Including maternity insurance)	7,384	36,921	9%	2%
Injury insurance	7,384	36,921	0.16% - 1.52%*	N/A
Housing fund	2,690	36,921	5% - 7%	5% - 7%

*Depends on the industry type of company.

Ø Applicable rate from 1^st July 2024 to 30^th June 2025, Guangzhou

Social Insurance	Lower Limit (CNY)	Upper Limit (CNY)	Portion of Employer	Portion of Employee
Pension	5,284	26,421	15%	8%
Unemployment insurance	2,300	38,082	0.80%	0.20%
Medical insurance (Including maternity insurance)	5,996	29,979	5.35%	2%
Injury insurance	2,100	N/A	0.20% - 1.40%*	N/A
Housing fund	2,300	39,579	5% - 12%	5% - 12%

*Depends on the industry type of company.

Ø Applicable rate from 1^st July 2024 to 30^th June 2025, Shenzhen

Social Insurance	Lower Limit (CNY)	Upper Limit (CNY)	Portion of Employer	Portion of Employee
Pension (SZ resident)	3,523	26,421	16%	8%
Pension (Non-SZ resident)	3,523	26,421	15%	8%
Unemployment insurance	2,360	43,659	0.80%	0.20%
Medical insurance	6,475	32,376	5%*	2%
Injury insurance	2,360	N/A	0.20% - 1.40%*	N/A
Maternity insurance	2,360	32,376	0.50%	N/A
Housing fund	2,360	43,659	5% - 12%	5% - 12%